Points to consider: Only for long term.
1. 3.5 years of accumulation period,
2. 3 times head and shoulder pattern
with 2 times breakout failure,
3. means this is a to 3rd time breakout in future,
3. highest volume in previous month,
4. 25% of Compounded Profit Growth,
5. PEG ratio 1.21
Thanks for Day Trader Telugu and other masters.
Note: I...
CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx.
Reason:
Stock has given the breakout of rectangle pattern range 120-142. (Bullish)
Just EMA(13,200) crossover, also golden...
*Technical analysis shows it is giving bullish signals for the following reasons :
1. it has already formed head and shoulder pattern and it has crossed the resistance level
2. fib retracment also shows that price will move up because it has crossed the fib level
3. volume is also very high in last 3 sessions comparitavely to volume which went sideways for quiet...
CUB Bullish; above 146 on Friday 10 Nov.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
...
CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low.
Although, the stock is trading below most of the key moving averages but long term...
Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:CUB you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:CUB...
Bullish structure formation as per price action.
Weekly RSI showing strength and close to near 60.
Cup pattern breakout expected above 145
Stock is trading and closed above Daily 200 EMA
CUB has broken out with volumes from its downward sloping trendline on the Daily chart in both price and volume. A gap exists just above Rs.135. Bullish for the next price of Rs.142. BULLISH.
Support level is strong. Reversal is observed in this zone in history.
Financials have improved significantly.
Three type of targets can be set
T1 - 134 - Can be achieved within 7-30 days.
T2 - 142 - Next resistence level
T3 - 199 - Range bound trading concept - Stock has traded in range 120 to 200 3 times in past.
CUB- Stock to Buy
Price is crossing 200 SMA - Daily Level. Presented are the swing price levels on the chart. Please adhere to them.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
